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Good afternoon, everyone! Market analysis! Thank you all for your support!
BTC breaks through the resistance level of $73k, reaching a high of $74.48k, the highest since before the Iran war. President Trump expressed willingness to restart negotiations with Iran, boosting market sentiment. This surge caused approximately $534 million in crypto liquidations, mainly from short positions. Mainstream tokens like ETH performed strongly, with the top ten assets recording daily and weekly gains. Traders expect the next resistance for BTC at $79k, but geopolitical risks remain, including the Strait of Hormuz blockade and the upcoming expiration of the Iran ceasefire agreement.